March 26, 2004 — Putnam Investments, which has been hurt by the mutual fund trading scandal, said two mutual fund managers have left the company.
Putnam said Thomas Hoey, lead manager of the Putnam Mid Cap Value Fd/A (PMVAX), and Graham Spiers, who helped oversee three asset allocation funds, left the company for personal reasons. Their resignations “were not related to market timing,” company spokeswoman Laura McNamara said.